Tepco Forecasts $1.3 Billion Loss, Hurt by Yen's Weakness

By

Hiroyuki Kachi

Feb. 4, 2013 11:47 a.m. ET

TOKYO—Tokyo Electric Power Co. predicted a loss of ¥120 billion ($1.3 billion) for the current fiscal year, more than twice its previous forecast, saying that the yen's recent weakness exacerbated the high cost of fuel imports.

The yen's decline has fueled hopes for an earnings recovery in Japan, especially for exporters. The currency has dropped sharply since a general election called in November prompted hopes for government...